TDS on Cash Withdrawal – Section 194N
Section 194N mandates TDS @ 2% for cash withdrawal exceeding ₹ 1 crore. This limit is reduced to ₹ 20...
Value Added Statements – A way to Show Value added by organisation apart from Financials
Value Added statement isn't an Account in the traditional sense. It is mere a statement showing the economic output of...
What is TAN and how to get obtain TAN
Know more about TAN and how to obtain TAN online as well as offline mode. Also know the legal provision...
Standard Deduction from salary income under section 16
Standard Deduction under section 16 is ₹ 50,000. This article explains the legal provisins of section 16 on deductions for...
Format of Authorised Signatory Letter for GST
Authorised Signatory is the person who can sign all documents for GST purposes. For Sole Proprietors, individual themselves are the...
Calculate Depreciation as per Companies Act, 2013
Depreciation as we know is a reduction in value of asset put to use from wear and tear. Over the...
Compounding of Offences under GST Regime
This article briefly explains the provisions related to compounding of offences under the GST Regime. It covers section 138 of...
Know how to calculate Treasury Bills, Bonds, etc. in Money Market Operations
Money Market is an important ingredient for growth and development of an economy. India too is no exception for it....
What taxes you shall pay for the FY 2019-20 under Income-tax Regime?
In India, every year, the Finance Minister announces an annual Union Budget for the up-coming financial year. According to Article...
TDS on Payment to Contractor u/s 194C after the amendments by Finance Act 2020
Section 194C - Payments to contractors. Any person responsible for paying any sum to any resident contractor for carrying out any...
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